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Is your Investments are enough for your old age expenses

Whenever you are creating an investment as a person, the very first thing that should come to your mind is that will the investment be able to sustain you for the future. That is, when you actually invest will it be able to meet your rising needs when you grow older and you won’t be able to work better than you are right now.

READ: 15,700 crore invested in SIPs & Mutual funds

The comfort you want to receive while you are much older when not working can be related to the amount you invest in your future when you will not be working practically. If you want to invest ahead of time, the following criteria will determine the type of investor you are and what you will be in the nearest future:

How long you want to invest for: the length of time which a person plans on investing for will determine scoot about the amount of gain that a person will gain on his or her investment. This works inline with the amount with which you actually invested. The length if time with which investment is to be made will determine the profit made and gain that can be received as the length of investment increases. This is an important factor that must be considered because it is the laid down visible period with which you expecting your income to be received upon retirement at old age.

investment for old age retirements

The rate of investment risk that you are comfortable with: the amount of risk people can withstand differs from one another,therefore the amount of risk you expose yourself to when you invest is proportional to your ability to withstand stress and the rate if comfort that can be gained from the investment. Over time, it is more advisable for a person to go for an investment with a pretty low risk level which will improve your comfort during the period of investment.

How hands-on you want to be when managing your super: here, you must choose the right investment scheme, this can help to improve and impact the amount of growth you will have in terms of investment. You should also know how much your savings grow and the rate at which they will last overtime. Before you decide on the choice to make, you must know how much direct control you want to have on your own investment. These are choices you have to make to determine the type of investment you will be running over the years or period of investment.  

READ: HDFC top 100 funds growth

There are lots of risks associated with the investments and they include the standardized risk on investment, the medium task risk level and the long term risk level.

You should always be ready to invest a lot in the amount of investment you have over the years. A large as an investor, one of the things you must think about is the ability of your investment to meet you need and you must not shy away from this no matter what it is. Your decision will determine a lot about the investment that will be made available and as well as the gain derived from such investment.

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Vinod Kumar

Vinod Kumar is Human Resources & Management or HR Manager in a renowned car manufacture company and deals all kinds of disputes under PF, ESIC and other benefits for employees. And holds the management command in his hands.

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